DETERMINING AND CONSIDERING A PREMIUM RELATED TO PETROLEUM RESERVES AND PRODUCTION CHARACTERISTICS WHEN VALUING PETROLEUM PRODUCTION CAPITAL PROJECTS
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United States of America Patent
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Issued Date -
May 2, 2013
app pub date -
Oct 26, 2011
filing date -
Oct 26, 2011
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Abandoned
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Abstract
Determining a Reservoir Management Factor™ (RMF™ or β) for a petroleum producer provides a novel indicator and metric that is designed for use in quickly assessing the economics of undertaking petroleum production capital projects for the petroleum producer. The RMF™ or β can be determined according to the following equation:
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